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3915 S Noland Rd
Independence, MO 64055
Walgreens · Retail Property For Sale

Investment Highlights

  • High Renewal Likelihood Driven by Long-Term Tenure and Strong Sales
  • Affluent Trade Area with Accelerating Income Growth
  • Economic and Infrastructure Investment Driving Long-Term Stability
  • Prime Retail Corridor Location with Regional Draw
  • High-Utility Building on a Well-Located Parcel

Executive Summary

Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Walgreens located in Independence, Missouri (“The Property”). The Property consists of a 15,120-square-foot freestanding retail building on a 1.60-acre parcel of land. Walgreens operates under a NN lease with more than three years of lease term remaining, offering a passive investment with minimal landlord responsibilities. The tenant has operated at this location for more than 20 years and has consistently demonstrated strong in-store performance, averaging more than $3.0 million in annual sales over the past three years. This long-term occupancy paired with above-average sales underscores the location’s stability and renewal potential.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,120 SF
Building Class
B
Year Built
2000
Price
$6,610,086 CAD
Price Per SF
$437.17 CAD
Cap Rate
8.18%
NOI
$540,828 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.29
Lot Size
1.22 AC
Zoning
C1, C2 Independence
Parking
78 Spaces (5.16 Spaces per 1,000 SF Leased)
Frontage
232’ on Noland Rd

Amenities

  • Signage

Property Taxes

Property Taxes

Parcel Number
33-240-03-14-00-0-00-000
Land Assessment
$536,398 CAD
Improvements Assessment
$465,683 CAD
Total Assessment
$1,002,081 CAD
  • Listing ID: 36979276

  • Date on Market: 2025-07-29

  • Last Updated:

  • Address: 3915 S Noland Rd, Independence, MO 64055

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